Sequential Brands Sees Q1 Sales Climb 16 Percent
Sequential Brands Group Inc. reported total revenue for the first quarter ended March 31, 2017 increased 16 percent to $39.4 million, compared to $34.0 million in the prior year quarter.
Cabela’s Q1 Same-Store Sales Fall 8.9 Percent
Cabela’s reported first-quarter earnings decreased 16.7 percent as consolidated comparable store sales decreased 8.9 percent.
Adidas Q1 Boosted By North America, China, E-Commerce
Adidas AG reported earnings jumped 30 percent in the first quarter. Results were paced by an 18 percent increase at brand Adidas on a currency-neutral basis as well as a 13 percent increase at the Reebok brand. Combined sales of the Adidas and Reebok brands grew in all market segments except Russia/CIS. Growth was particularly strong in North America (+31 percent), Greater China (+30 percent), Japan (+21 percent) and MEAA (+15 percent).
Zumiez Sees Q1 Earnings At Low End Of Guidance
The company’s comparable sales increased 7.8 percent for the four-week period compared to a comparable sales decrease of 6.0 percent in the year ago period.
Bogs Sales Tumble 21 Percent In Q1
On a conference call with analysts, Thomas Florsheim, Jr., Weyco’s chairman and CEO, said Bogs was hurt in the quarter by unseasonably warm weather and a lack of precipitation, as well as the migration to online selling and shifts in discretionary spending away from soft goods purchases.
Shoe Carnival Blames Tax Refund Delays For Q1 Shortfall
Shoe Carnival Inc. said delays in the mailing out of tax refund checks was largely responsible for a 3.9 percent drop in same-store sales in its first quarter. Consequently, the shoe chain reduced its full-year guidance for sales and earnings.
Hanesbrands Laying Off 220 Amid New Growth Initiative
Champion sales in the U.S. were up double-digits “as we continued to benefit from our refreshed product offering and increased space within the mass channel,” said Rick Moss, CFO.
Big 5 Crushes Q1 Guidance
Said Steven Miller, chairman, CEO and president, on a conference call with analysts. “Our strong results reflect our team’s continued effort to expand our market share gain following the competitive store closures that occurred in our sector last year and capitalized on the favorable weather conditions in our market during the first quarter.”
Skechers Signs David Ortiz
Skechers expanded its roster of sports stars representing the brand by announcing that ten-time All-Star Dominican-American baseball slugger David Ortiz — known by fans as “Big Papi” — will be lacing up in Skechers Men’s footwear for a multi-platform global marketing campaign set to launch this Fall.
Brooks To Enter China And Brazil
Brooks Running Company is expanding its global footprint in July 2017 with entry into China and Brazil, two of the largest running markets in the world.
L.L.Bean To Open Third Retail Store In Connecticut
L.L.Bean plans to open a store in New Haven, CT in the summer of 2018.
Dick’s Stores VP Joins Five Below
George Hill, most recently SVP retail operations at Dicks Sporting Goods, has joined Five Below Inc. as EVP of retail operations.
Raleigh Owner Accell Breaks Off Takeover Talks With Bidder Pon Holdings
Accell Group announced it will currently not continue the exploratory discussions with Pon Holdings offer to acquire the company.
Coach’s Sales Drop 4 Percent In Q1
Victor Luis, chief executive officer of Coach Inc., said, “Our solid performance this quarter was very much in line with our expectations and our strategic initiatives.”
Shoe Carnival Lowers Outlook On Weak Q1
Cliff Sifford, Shoe Carnival’s president and chief executive officer, commented, “Our sales results improved as we progressed through the first quarter, but it was not enough to offset the soft start we experienced at the beginning of the year with comparable store sales down mid-teens in February.”
